HANDBOOK Diploma III Program in Land and Property Tax/Valuer

Profile of Diploma III Program in Land and Property Tax/Valuer

Diploma III Program in Land and Property Tax/Valuer provides applied economics vocational education with the objective of generating graduates with advanced skilled qualifications for valuers in (economic valuation) property, natural resources, and business valuation with intermediate expert degrees (Diploma III) who are excellent, competent, trustworthy, professional, have a high integrity, and uphold the good governance. Graduates of the Diploma III Program in Land and Property Tax/Valuer are expected to be able to work as valuers/assistant valuers in the government, with knowledge and skills in taxation and state assets management to strengthen their roles in supporting the management of state assets and extracting tax potential using valuation competency.

The following are the subjects that will be the graduates' competencies:

No.

Valuation field

Object of Valuation

1.

Property

Land

Residential property or residential home

Commercial property or income-producing-property, comprising shopping center, office buildings, hotel, etc.

Personal property as in machinery and equipment that cover official vehicle, computer and network, power plant generator, ship, airplane, industrial machine for textile, scrap and dead stock, etc.

Special property as in tower, concrete silos, chimney, airport, port/harbor, gas station, golf field, etc.

2.

Natural Resource

Biological natural resources namely forest, farm, water, coast, natural tourist attraction, etc.

Non-biological natural resources such as mineral, oil & gas mining, and others.

3.

Business

Securities in the form of stocks/ownership rights

Entity or corporate (in order to determine enterprise value and firm value)

Feasibility study in utilizing State-Owned assets

CURRICULUM

Diploma III Program in Land and Property Tax/Valuer (Regular)

NO

COURSES

Credits

SEMESTER

I

II

III

IV

V

VI

I.

Personality Development Courses (MPK)

1

Religious Education

2

2

 

 

 

 

 

2

Indonesian

2

 

2

 

 

 

 

3

English

2

2

 

 

 

 

 

4

Civics

2

 

2

 

 

 

 

5

Pancasila

2

2

 

 

 

 

 

 

Total Credits of MPK

10

6

4

0

0

0

0

II.

Scientific and Skills Courses (MKK)

6

Office Computer Application

2

 

2

 

 

 

 

7

Macroeconomics

3

 

 

3

 

 

 

8

Microeconomics

3

 

3

 

 

 

 

9

Public Finance

3

 

 

 

 

 

3

10

Management

2

 

2

 

 

 

 

11

Introduction to Accounting I

3

3

 

 

 

 

 

12

Introduction to Economics

2

2

 

 

 

 

 

13

  Introduction to State Financial Management I

3

3

 

 

 

 

 

14

Statistics

3

 

 

 

3

 

 

 

Total Credits Of MKK

24

8

7

3

3

0

3

III.

Work-skill Courses (MKB)

15

Analysis of Property Market

3

 

 

 

3

 

 

16

Natural Resources Economics

3

 

 

 

3

 

 

17

Regional and Urban Economics

3

 

 

3

 

 

 

18

Agrarian and Property Laws

3

 

 

3

 

 

 

19

Corporate and Business Laws

3

 

 

 

 

3

 

20

Surveying and Mapping

3

 

 

3

 

 

 

21

Final Project Essay (KTTA)

2

 

 

 

 

 

2

22

Financial Management I

3

 

 

3

 

 

 

23

Financial Management II

3

 

 

 

3

 

 

24

Property Management

2

 

 

 

2

 

 

25

Land & Building Tax (PBB)

3

 

 

 

3

 

 

26

Mass Data Collection and Valuation

2

 

 

 

 

2

 

27

Introduction to Accounting II

3

 

3

 

 

 

 

28

Introduction to Real Estate Investment

2

 

 

2

 

 

 

29

  Introduction to State Financial Management II

3

 

3

 

 

 

 

 

NO

COURSES

Credits

SEMESTER

I

II

III

IV

V

VI

30

Introduction to Business Valuation

3

 

 

 

 

3

 

31

Introduction to Property Valuation

3

 

 

3

 

 

 

32

State-Owned Asset Management Valuation

2

 

 

 

 

2

 

33

Machinery and Equipment Valuation

3

 

 

 

 

3

 

34

Commercial Property Valuation

3

 

 

 

 

3

 

35

Residential Property Valuation

3

 

 

 

3

 

 

36

Natural Resources Valuation I

3

 

 

 

 

3

 

37

Natural Resources Valuation II

3

 

 

 

 

 

3

38

Taxation I: Introduction to Tax and Income Tax

3

 

 

 

3

 

 

39

Taxation II: Value-Added Tax and General Provisions of Taxation

 

3

 

 

 

 

 

3

 

40

Fieldwork Practice (PKL)

3

 

 

 

 

 

3

41

Construction Technology

3

 

 

3

 

 

 

 

Total Credits of MKB

76

0

6

20

20

22

8

IV.

Working Behavioral Courses (MPB)

42

National Defense Course

0

 

 

 

 

 

0

43

Indonesian Culture and Personality Development

3

 

3

 

 

 

 

44

Ethics and Anti-Corruption

3

3

 

 

 

 

 

 

Total Credits of MPB

6

3

3

0

0

0

0

V.

Living in Togetherness Course (MBB)

45

Civil Law

2

 

2

 

 

 

 

46

Field Work

0

 

 

 

0

 

 

47

Introduction to Legal Studies

2

2

 

 

 

 

 

 

Total Credits of MBB

4

2

2

0

0

0

0

 

 

Total of Credits

120

19

22

23

23

22

11

 

Total of Courses

47

8

9

8

9

8

5

Diploma III Program in Land and Property Tax/Valuer (Transfer Program)

No

Courses

Credits

SEMESTER

III

IV

V

VI

I.

Personality Development Course (MPK)

1

Indonesian

2

 

2

 

 

 

Total Credits of MPK

2

0

2

0

0

II.

Scientific and Skills Course (MKK)

2

Macroeconomics

3

 

3

 

 

3

Microeconomics

3

3

 

 

 

4

State Financial Law

3

 

 

 

3

5

Public Finance

3

 

 

 

3

6

Management

2

2

 

 

 

7

Statistics

3

 

 

3

 

 

Total Credits of MKK

17

5

3

3

6

III.

Work-skill Course (MKB)

8

Property Market Analysis

3

 

 

3

 

9

Natural Resources Economics

3

 

 

3

 

10

Regional and Urban Economics

3

3

 

 

 

11

Agrarian and Property Laws

3

3

 

 

 

12

Corporate and Business Laws

3

 

3

 

 

13

Surveying and Mapping

3

 

3

 

 

14

Final Project Essay (KTTA)

2

 

 

 

2

15

Financial Management I

3

3

 

 

 

16

Financial Management II

3

 

3

 

 

17

Property Management

2

 

 

2

 

18

Land & Property Tax (PBB)

3

 

 

3

 

19

Mass Data Collection and Valuation

2

 

 

 

2

20

Introduction to Real Estate Investment

2

2

 

 

 

21

Introduction to Business Valuation

3

 

 

3

 

22

Introduction to Property Valuation

3

3

 

 

 

23

Machinery and Equipment Valuation

3

 

 

3

 

24

Commercial Property Valuation

3

 

 

 

3

25

Residential Property Valuation

3

 

3

 

 

26

Natural Resources I Valuation

3

 

 

 

3

27

Fieldwork Practice (PKL)

3

 

 

 

3

28

Technology of Construction

3

3

 

 

 

 

Total Credits of MKB

59

14

15

17

13

IV.

Living in Togetherness Course (MBB)

29

Civil Law

2

 

 

 

 

30

Field Work

0

 

0

 

 

 

No

COURSE

Credits

SEMESTER

III

IV

V

VI

 

Total Credits of MBB

2

2

0

0

0

 

Total of Credits

80

21

20

20

19

 

Total of Courses

31

8

7

8

7

 

 

 

 

 

 

 

 

1ST SEMESTER

  • RELIGIOUS EDUCATION

Total of Credits: 2

Brief Description : This course provides basic religious knowledge for students to understand the concept of religion and implement it in everyday life.

  • ENGLISH

Total of Credits: 2

Brief Description : This course provides students with intermediate English skills and understanding that includes listening, speaking, reading and writing skills that are used in the scope of finance and is delivered with integrated approach towards those skills (integrated skills).

Topic of Discussion : Reading and presentation skill, tenses, passive voice, gerunds and infinitive, participial adjective, good essay, proofreading and editing, noun clause, adjective clause, adverb clause, reduced adjective and adverb clause, conditional sentence, data interpretation, and describing process.

  • PANCASILA

Total of Credits: 2

Brief Description : This course provides an overview, perspective, and thorough comprehension of Pancasila and other related principles. Thus, students are expected to create new paradigm in and of themselves in accordance with the values of Pancasila through the ability to explain historical events, the position and essence of Principle of Pancasila, respond to the country's current issues, as well as actively participate in creating a peaceful living based on the value system of Pancasila.

Topic of Discussion : Concept of Pancasila, Pancasila in the current history of the Indonesian nation, Pancasila as the Foundation of the State, Pancasila as the State Ideology, Pancasila as a philosophical system, Pancasila as Ethics system, and Pancasila as a Basis for Scientific Development.

  • INTRODUCTION TO ACCOUNTING I

Total of Credits: 3

Brief Description : This course offers introduction to accounting and business focusing on Definition and Scope of Accounting, Recording Process, Adjustment Process, Completion of Accounting Cycle, Trading Company Accounting, Inventory, Cash, and Accounts Receivable.

Topic of Discussion : Definition of accounting, standard, and financial statement; account, recording stage, journal, posting and preparation of balance sheet; the basis and adjustment of accounting, worksheet preparation, closing entries, reversing entries, correction entries, post adjustment trial balance; characteristics of trading Company and its Accounting Cycle, Supplies, and Accounting for Account Receivable.

  • INTRODUCTION TO ECONOMICS

Total of Credits: 2

Brief Description : This course provides introduction to economics and several basic concepts as the foundation for microeconomics and macroeconomics.

Topic of Discussion : The subject studied can be divided into two parts. On the first part, this course discusses the introduction to the concept of microeconomics comprising: concept and principles of economics: supply, demand, and equilibrium of market; consumer behaviour; elasticity; market efficiency; production and production cost; competitive market, monopoly, oligopoly, and monopolistic competition. Meanwhile, the second part outlines the concept of macroeconomics comprising: national income and production inflation and growth; savings and investment; unemployment; monetary system; open economy; aggregate supply and demand; as well as fiscal and monetary policies.

  • INTRODUCTION TO STATE FINANCIAL MANAGEMENT I

Total of Credits: 3

Brief Description : The course aims to provide students with a comprehensive basic understanding on State financial management from the perspective of legal formal, implementation, and policy. This course focuses on the discussion regarding the basic concept of state financial management and the fundamentals of State Budget Management.

Topic of Discussion : Basic concept of State Financial Management; State Budget; macroeconomic framework and fiscal policy principles, preparation and stipulation of State Budget; Work Plan and Budget, and Budget Execution/Allotment Document of Ministry/Institution; State expenditure, expenditure policy; taxation; Customs and Excise; Administration of Non-Tax State Revenue; Government investment; and Government debt.

  • INTRODUCTION TO LAW

Total of Credits: 2

Brief Description : This course is designed for students to understand the concept of Law and society, as well as positive law that applies in Indonesia. Therefore, this course outlines the definition of Law, law values, social beings, legal culture, morality, social and legal norms, as well as applicable positive law.

Topic of Discussion : Role and function of introduction to Law; the relation between law and society; definition of law; principles of law; interpretation of law; law stream; law system; positive law and formulation of rules and regulations; formal legal sources; material; and sources of law and order; subject, object, and legal event; rights, deeds, and legal consequences, division of law; law enforcement and judicial power.

  • ETHICS AND ANTI-CORRUPTION COURSE

Total of Credits: 3

Brief Description : This course is designed for students to have an anti-corruption mentality that will be implemented when becoming agovernment employee at State Ministry/Agency.

Topic of Discussion : Definition of ethics and corruption; theories of ethics and the cause of corruption; profession, public service, as well as corps mindset development; regulations and code of ethics of government employee, characteristic of corruption and its scope; factors causing corruption; the impact of massive corruption; corruption-fighting principles; as well as student’s role in combating corruption.

 

2nd SEMESTER

  • INDONESIAN LANGUAGE

Total of Credits: 2

Brief Description : This course is designed for students to be able to use a good and proper Indonesian language, both in oral and written communication.

Topic of Discussion : Positive behaviour towards Indonesian language, position and function of Indonesian language, variety of Indonesian, Indonesian grammatical rules, word choice (diction), structure of sentence, paragraph, official letter, scientific essay, discussion, and speech.

  • CIVICS

Total of Credits: 2 

Brief Description : This course is designed for students to have a strong sense of national identity and attachment to one's homeland, be a civilized democracy by understanding Human Rights, become a competitive, disciplined and actively involved citizens in the creation of a harmonious living environment, and recognize the presence of Bhinneka Tunggal Ika in accordance with Pancasila and UUD 1945.

Topic of Discussion : Purpose of Civics; State and Nationality; Pancasila as the State foundation and ideology; national identity; 1945 Constitution as the State Constitution; democracy; Human Rights; geopolitics; nationalism insight; national defence; good governance; regional autonomy; globalization; and world peace.

  • COMPUTER APPLICATION

Total of Credits: 2

Brief Description : This course provides materials for students so that they can operate various applications required for working at the office, including: Ms. Word, Ms. Excel, Ms. PowerPoint, and other useful tools that can assist them solving problems at the workplace in this digital era.

Topic of Discussion : Development of Technology and Computer Utilization; the use of Ms. Word features in the essay framework preparation and completion of work; the use of mail merge; Ms. PowerPoint; the use of Ms. Excel for data processing; the use of Google service features; as well as the use of cloud meeting application.

  • MICROECONOMICS

Total of Credits: 3

Brief Description : This course aims to help students understand the theory/concept of microeconomics and its implementation within individual decision-making practices. These concepts also support the understanding of property market analysis and assessment.

Topic of Discussion : Principles/models of economy, demand, supply, equilibrium, elasticity, market efficiency, externality, public goods, production theory, market structure, market of production factor, consumer-choice theory, and recent development of microeconomics.

  • MANAGEMENT

Total of Credits: 2

Brief Description : This course focuses on managerial efforts in an organization through a variety of activities in order to achieve the organization goals (both private and government) in an efficient and effective manners.

Topic of Discussion:  Manager and management, decision-making, change management, manager obstacle, planning, organization design, team; Human Resources management, organization behaviour, leadership, and motivation.

  • INTRODUCTION TO ACCOUNTING II

Total of Credits: 3

Brief Description : This course provides an introduction to accounting and business, which compromise the introduction to long-term asset accounting, liability accounting, equity accounting, partnership accounting, investment accounting, and cashflow statement preparation. This course becomes the fundamental of property and business valuation.

Topic of Discussion: Fixed-asset accounting, short-term liability accounting, concept of time value of money and long-term debt accounting, accounting for limited liability companies and shares, accounting for partnership, accounting for securities investment, and accounting for cashflow statement.

  • INTRODUCTION TO FINANCIAL MANAGEMENT II

Total of Credits: 3

Brief Description : This course, similar to Introduction to Financial Management I, intends to assist students to develop a complete understanding of state financial management from the perspective of legal formal, implementation, and policy. The discussion delivered will be more detail and specific. Students are expected to acquire understanding on the fundamentals of state financial management in its entirety.

Topic of Discussion: State debt management, State-Owned Assets management, transfer to regions and village funds, procurement of goods and services, Public Service Agency, government internal audit, management audit and financial accountability of the State.

  • CIVIL LAW

Total of Credits: 2

Brief Description : This course explains about the definition of material civil law and all of its aspects, from the history of its implementation in Indonesia to the content related to legal subject, legal object, law of things, law of obligations, and preparation of agreement.

Topic of Discussion : Definition and history of civil law, system of civil law, legal subject, legal entity, business entity, legal object, property rights, law and sorts of engagements, law and sorts of agreement, unlawful act, and contract.

  • INDONESIAN CULTURE AND PERSONALITY DEVELOPMENT

Total of Credits: 3

Brief Description : This course is designed to help students realize their own potential and capable of making life plans as well as taking effective actions to develop their personalities, as a qualification for becoming an excellent government employees as well as to be leaders at the workplace and in social life.

Topic of Discussion : Cultural diversity and its relations to daily life: Batak and West Sumatera; Aceh and Minangkabau; Sundanese and Javanese; Flores, Timor, and Bali. Central Kalimantan, Bugis and Minahasa, Ambon and Papua. Apart from that, the topic of self-introduction is also covered, as well as role models, basic concept of leadership, long-term learning, and self-improvement.

 

3rd SEMESTER

  • MACROECONOMICS

Total of Credits: 3

Brief Description : This course focuses on the concept of macroeconomics related to economic growth, inflation, unemployment, balance of payment, fiscal and monetary policies. These concepts are required in the valuation activities, both for property and business.

Topic of Discussion : Scope of Macroeconomics, variable of macroeconomics, national income, money and the financial system, inflation, open economy, unemployment, theory of Solow development, economy fluctuation, IS-LM, exchange rate, as well as aggregate supply and demand.

  • REGIONAL AND URBAN ECONOMICS

Total of Credits: 3

Brief Description : This course is designed for students to understand the concepts and theories of urban planning and development, as well as urban land economics as the basis/principle for assessing. Theory of urban planning and development will be useful as a basis of property market analysis, meanwhile land economics will provide understanding on land prices which will be useful for property valuation.

Topic of Discussion : This course offers a set of basic competency standards namely urban knowledge, urban growth, urban development, city structure, urban planning, process and final product of urban planning. Those subjects will be delivered on the first period (mid-semester). On the second period or after mid-term, the following materials, urban land economy especially relating to location theory, theory of the emergence of cities, agglomeration or cluster and city size, rent on urban land, land use, management of urban land, as well as control over the use of urban land will be delivered.

    • AGRARIAN AND PROPERTY LAWS

    Total of Credits: 3

    Brief Description : This course covers the foundations and fundamentals of national agrarian law that a valuer should be familiar with when performing property valuation.

    Topic of Discussion : The basis and understanding of agrarian law, Development of Agrarian Law, basic principle of National Agrarian Law, land rights, Conversion, Land Reform, Land Registry, how to secure land rights, bail act, Mortgage Rights, and flats in Indonesia.

     

      • SURVEYING AND MAPPING

      Total of Credits: 3

      Brief Description : This course provides understanding about land surveying and mapping that will be useful in valuation process and data collection for land and building taxes.

      Topic of Discussion : Terrestrial mapping process, measurement errors, positioning principle for horizontal angle measurement, polygon measurement, mapping, area determination, positioning with GPS, mapping using Small Format Aerial Photogrammetry for Land and Building taxes and data collection of land and building tax objects.

        • FINANCIAL MANAGEMENT I

        Total of Credits: 3

        Brief Description : This course aims to provide students with an understanding of financial management principles applied to improve students competence in implementing property and business valuation, that covers corporate financial performance evaluation techniques, current asset management such as cash arrangement, accounts receivable and inventory, the application of time value of money for business, as well as decision making for long-term investment in a form of fixed assets or project.

        Topic of Discussion : General principle of financial management, corporate financial statement, analysis of financial statement, corporate financial planning, management of working capital, present value and future value, annuity, criteria of investment decision (PP, NPV, PI, IRR), and analysis of project cashflow.

        • INTRODUCTION TO REAL ESTATE INVESTMENT

        Total of Credits: 2

        Brief Description : this course provides basic understanding of real-estate market and business, starting from residential property, commercial, industrial, to a special property from the perspective of investor as a principle for property and business valuation.

        Topic of Discussion : Basic concept of real-estate and property, property ownership and documents, taxation aspects relating to real-estate investment, feasibility study on property investment, real-estate investment financing, plot of land and residential property investment, property investment on rental or boarding house and lodging, investment on commercial property, investment on buildings, and investment on industrial area.

        • INTRODUCTION TO PROPERTY VALUATION

        Total of Credits: 3

        Brief Description : This course provides understanding and basic framework of valuation, principles of valuation, highest and best use concepts, concept of value, price, cost and its relation to valuation, investment resource, math valuation and valuation statement making in general as provision to study further about property and business valuation.

        Topic of Discussion : Basic concepts of valuation and property, factors affecting the value and valuation proves, problem identification phase, determining scope of valuation phase, site and building description, market and HBU analysis phase, valuation math, market data comparison approach, cost approach, income approach, and valuation statement.

        • CONSTRUCTION TECHNOLOGY

        Total of Credits: 3

        Brief Description :  This course explains the structure and facility of a construction as well as calculation for building construction in the context of using cost approach method for building valuation.

        Topic of Discussion : Component and building construction, engineering drawings of building, high-rise building structure, utility system and building facility, implementation process of development and preparation of Budget Estimate Plan, regulation on cost calculation basis, quantity survey method as a tool to calculate building costs.

         

        4th SEMESTER

        • STATISTICS

        Total of Credits: 3

        Brief Description : This course covers a variety of statistics concepts in order to help students in decision-making. Data collecting concept, analysis, and data presentation are required for valuation.

        Topic of Discussion : Data presentation in the form of distribution table and graph, calculation of location measurement, probability concept, estimation and determination of sample size, hypothesis testing, finding the difference of two samples, calculation of correlation value, regression analysis, calculation of chi square value and analysis of variance (ANOVA).

        • PROPERTY MARKET ANALYSIS

        Total of Credits: 3

        Brief Description : This course provides discussion about the concept of market analysis as a fundamental part in the property valuation process.

        Topic of Discussion : This course explains in detail about levels of market analysis. Students will also learn to understand productivity analysis concept and marketability including to understand the relations between location of a site with its surroundings and city structure. This course also covers the way to estimate real-estate supply and demand. Highest and best use analysis which is crucial for the property valuation will also be included in this course, including its implementation on valuation, both for vacant and built land.

        • NATURAL RESOURCE ECONOMICS

        Total of Credits: 3

        Brief Description : This course discusses about various concepts within natural resources economics and environment in order to provide provision and basis for assessment of natural resources and environment.

        Topic of Discussion : Definition of natural resources and its role in economic growth, scarcity of natural resources, concept of economic rent, externality and economic instruments to overcome it, classification and value concept of natural resources, discounting, and fundamental concept of bio-economy for both sustainable and non-sustainable natural resources.

        • FINANCIAL MANAGEMENT II

        Total of Credits: 3

        Brief Description : This course is a follow-up to the Financial Management I. It is supposed to help students understand the principles of financial management to be used in supporting students’ ability when conducting property and business valuation. The concept and method learnt function as fundamental basis before learning business valuation.

        Topic of Discussion : financial market concept, risk and return, obligation valuation, shares valuation, risk analysis, project feasibility evaluation, risk analysis, cost of capital, capital structure, dividend policy, and business combination dynamics.

        • PROPERTY MANAGEMENT

        Total of Credits: 3

        Brief Description : This course is designed to provide basis for students to understand the roles, functions, and practices of property management as a whole part of investment strategy in the field of property so that students are able to broaden their mindset, skills, and professionalism in the scope of property valuation.

        Topic of Discussion : The fundamentals of property management, including the purpose, scope of work, and correlation to valuation; investment in property discussing the form, characteristics, and role of the property management in property investment; organization of property management; process; property management; facilities to support implementation of management property such as management contact preparation, marketing, maintenance, residential management; and case studies on property management from residential to commercial property.

        • LAND & BUILDING TAX (L&B TAX)

        Total of Credits: 3

        Brief Description : This course provides students with understanding of administration cycle of L&B Tax for Plantation Sector, Forestry Sector, Oil and Gas Mining Sector, Mining Sector for Geothermal Businesses, Mineral or Coal Mining Sector, and Other Sectors and procedures for determining and calculating the tax. L&B tax is a government revenue requiring knowledge and skills about property valuation.

        Topic of Discussion : Philosophy and regulation of L&B Tax, procedures for object and subject registration, imposition of L&B Tax, valuation approach in Sales Value of Taxable Object calculation, basis of L&B tax billing and payment, taxpayer rights, L&B tax administration for plantations, forestry, mining, and other sectors.

        • RESIDENTIAL PROPERTY VALUATION

        Total of Credits: 3

        Brief Description : This course provides basic understanding on how to value property with the object of residential property using practice/case study method. Concepts and skills that have been instilled are property valuation using market and cost approaches.

        Topic of Discussion : Residential property concept and its market, description of land/site and buildings on residential property, concept and technique of market analysis and property HBU, valuation on market data approach, cost approach, income approach, data collection and use of residential property valuation working papers, as well as preparation of valuation report.

        • TAXATION I: INTRODUCTION TO TAX AND INCOME TAX

        Total of Credits: 3

        Brief Description : This course describes Indonesian Taxation in general, Personal Income Tax, and Corporate Income Tax.

        Topic of Discussion : Basics of taxation; subject and object of income tax, personal income tax calculation, income tax payment, income and deductible costs in calculating income tax, calculation of selling and acquisition prices, depreciation and amortization, foreign income and loss compensation, tax rates and tax credits, calculation and corporate income tax return.

         

        5th SEMESTER

        • CORPORATE AND BUSINESS LAW

        Total of Credits: 3

        Brief Description : This course offers provision to students so that they can identify the form of corporate and business law in order to be implemented in accomplishing tasks, especially for valuation.

        Topic of Discussion : Corporate Law; concept and practice of Corporate forms in General: private company, civil partnership, Firm, CV, limited liability company, Go Public Company, Foundation, Cooperative, state-owned enterprises (BUMN/BUMD), Public Service Agency and other forms of business/legal entity. Business Law: concept and practice in business law (Corporate Law in ‘movement’ state), such as Corporate Action (merger, acquisition, consolidation, spin-off, split-off), capital market law, syndication credit, Financing Law, Insurance Law, Business Competition Law and Anti-Monopoly, Intellectual Property Rights, Insolvency Law and suspension of debt payment obligation.

        • MASS DATA COLLECTION AND VALUATION

        Total of Credits: 2

        Brief Description : This course covers the procedures of data collection and valuation of one object in the form of land/building for L&B Tax.

        Topic of Discussion : Concept of Mass Data Collection, cycle of data collection and valuation, establishment of L&B Tax database, alternative for data collection of L&B tax objects, maintaining L&B tax database and its mapping, calculation of tax object and block maps drawing, Quality Rating Model concept, regression model and leasing capitalization, as well as mass data collection evaluation.

        • INTRODUCTION TO BUSINESS valuation

        Total of Credits: 3

        Brief Description : This course is designed for students to understand the procedure and to apply various theories and methods of valuation in business valuation, both for shares and corporate valuation stated in valuation statement.

        Topic of Discussion :This course explains about general concept of business that covers definition, application, process and data required for business valuation. Understanding on the concept of business valuation perspective towards financial statement, financial analysis concept, concept of estimating discount rate and capitalization. The students are provided with understanding and skills to implement business valuation using income approach, market data comparison approach and asset/balance sheet approach. Apart from that, the students are also explained the ideas of discounts, premiums, and value reconciliation, as well as how to prepare valuation statement for business valuation.

        • VALUATION FOR STATE PROPERTY (BMN) MANAGEMENT

        Total of Credits: 3

        Brief Description : This course is designed for students to understand the procedures and capable of applying various theories and methods of valuation in the context of state property management in the context of the use and transfer of state property, as well as the preparation of financial statements for the federal government.

        Topic of Discussion : Basic concept of State asset and its management, valuation of state property as an asset; the state property management cycle, which includes procedures and standards for assessing state property, essential role in the management of state property is performed by government valuer; procedure and application of many theories and methods of valuation in the subject of property management as well as the preparation of financial statements for the central government.

        • MACHINERY AND EQUIPMENT VALUATION

        Total of Credits: 3 

        Brief Description :This course focuses on knowledge, technical skills of valuation and the making of valuation statement over the object such as motor vehicle engine, power plant, computer, ship system, airplane, industrial machinery, scrap, and dead stock.

        Topic of Discussion : Concept of machinery and equipment; purpose, standard, and elements forming the value in machinery and equipment valuation; valuation stage; machinery and equipment valuation using market data; cost, and income; official vehicle valuation practice; computer and network valuation practice; ship valuation practices; aircraft valuation practice; as well as scrap and dead stock assessment practices.

        • COMMERCIAL PROPERTY VALUATION

        Total of Credits: 3

        Brief Description : This course aims to develop students’ skill to conduct practice of commercial property valuation (income-producing-property) that focuses on methods of income approach. Students are also provided with skills to assess vacant land using the land development method.

        Topic of Discussion : Concept and characteristics of commercial property; valuation using income approach: basic concept, factors of value determinants, procedure, identification of income and cost; net income and discount rate; Direct Capitalization and Gross Income Multiplier methods; Discounted Cash Flow method; carry out valuation on vacant land using land development; Residual Techniques method; preparation for commercial property valuation; simulation of data collection technique and valuation paper.

        • NATURAL RESOURCE VALUATION I

        Total of Credits: 3

        Brief Description : This course provides a brief overview of natural resources and environment value and valuation. This subject also introduces the students to valuation techniques in the form of market price, productivity, and cost approach as a proxy for the value of natural resources.

        Topic of Discussion : Concept of natural resources value and valuation, basic microeconomics and discounting in natural resources valuation, natural resources valuation technique, natural resources valuation using market approach, natural resources valuation using cost approach: replacement cost, preventive expenditure, damage cost avoided.

        • TAXATION II: STATE RECEIVABLES MANAGEMENT AND PRINCIPLES OF GENERAL PROVISIONS AND TAXATION PROCEDURES

        Total of Credits: 3

        Brief Description : Taxation II is the follow-up of Taxation I and PPh (Income Tax). This course provides explanation on the fundamentals of Value Added Tax and Tax on Luxury goods (PPnBM), including theory and practice, as well as the principles of general provisions and taxation procedures, with a focus on the taxation components that are most relevant and related directly to a Valuer/L&B Tax.

        Topic of Discussion : Basic knowledge of VAT (PPN), VAT Object, subject of tax, tax invoice, tax credit entry, VAT collection, PPnBM, business registration and reporting, SPT, Bookkeeping and recording, tax examination, determination, evaluation, and legal remedies in tax disputes.

         

        6th SEMESTER

        • PUBLIC FINANCE

        Total of Credits: 3

        Brief Description : This course provides explanation on basic concept of public finance, the government role in economy, Welfare State, as well as the correlation between Indonesia's central and local government finance.

        Topic of Discussion : Economics theory as a conceptual framework of public finance; introduction and general overview of public finance; externality; public goods; State revenue and expenditure; fiscal decentralization; government intervention in the economy; social insurance, disability insurance, workers compensation; redistribution and welfare; tax incidence; taxation and its impact on the economy; as well as deficit and debt.

        • NATURAL RESOURCE VALUATION II

        Total of Credits: 3

        Brief Description : This course is a follow-up of Natural Resources valuation I. This course will enrich the previously learnt natural resource valuation. The technique that will be implemented focuses on a non-market approach.

        Topic of Discussion : Concept of natural resources valuation using non-market approach; valuation technique using travel cost method; hedonic price method; benefit transfer method; and contingent valuation method.

         

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